Bank of Hawaii Corporation (NYSE:BOH – Get Free Report) has received an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $85.40.
A number of research firms have recently commented on BOH. Barclays lifted their target price on Bank of Hawaii from $83.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Tuesday, April 7th. Keefe, Bruyette & Woods lifted their target price on Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 21st. Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings upgraded Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 29th. Finally, Stephens lifted their target price on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st.
Read Our Latest Research Report on BOH
Bank of Hawaii Stock Up 1.5%
Bank of Hawaii (NYSE:BOH – Get Free Report) last posted its earnings results on Monday, April 20th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Bank of Hawaii had a return on equity of 14.97% and a net margin of 20.46%.The firm had revenue of $192.32 million for the quarter, compared to analyst estimates of $193.53 million. During the same quarter last year, the firm posted $0.97 EPS. On average, sell-side analysts expect that Bank of Hawaii will post 5.91 EPS for the current fiscal year.
Bank of Hawaii Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Investors of record on Friday, May 29th will be given a $0.70 dividend. This represents a $2.80 annualized dividend and a yield of 3.6%. The ex-dividend date is Friday, May 29th. Bank of Hawaii’s payout ratio is 56.57%.
Hedge Funds Weigh In On Bank of Hawaii
Institutional investors have recently added to or reduced their stakes in the stock. Danske Bank A S acquired a new position in Bank of Hawaii in the 4th quarter valued at about $27,000. Western Wealth Management LLC acquired a new position in Bank of Hawaii in the 1st quarter valued at about $33,000. SHP Wealth Management acquired a new position in Bank of Hawaii in the 4th quarter valued at about $34,000. Quarry LP increased its position in Bank of Hawaii by 1,497.2% in the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after acquiring an additional 539 shares during the period. Finally, Strs Ohio acquired a new position in Bank of Hawaii in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 82.18% of the company’s stock.
Bank of Hawaii Company Profile
Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.
The bank offers a comprehensive suite of personal and business banking products and services.
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